S D Retail IPO
IPO Listing Details
- Listing Date
27 Sep 2024
- Listing Price
₹ 145.00
- Listing Change
10.69%
- Last Traded Price
₹ 194.50
IPO Details
- Open Date
20 Sep 2024
- Close Date
24 Sep 2024
- IPO Price Range
₹ 124 to ₹ 131
- IPO Size
₹ 64.98 Cr
- Listing Exchange
NSE SME
- Listing Date
27 Sep 2024
IPO Timeline
S D Retail IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 20-Sep-24 | 0.16 | 1.15 | 0.79 | 0.69 |
| 23-Sep-24 | 0.66 | 8.78 | 15.57 | 9.86 |
| 24-Sep-24 | 69.84 | 207.62 | 65.25 | 97.08 |
Last Updated: 25 September 2024 11:56 AM by 5Paisa
S D Retail IPO is set to open on 20 September 2024 and will close on 24 September 2024. The company designs, manufactures, outsources, markets, and retails sleepwear.
The IPO includes a fresh issue of 49,60,000 shares aggregating up to ₹64.98 Cr. The price range is ₹124 to ₹131 per share and the lot size is 1,000 shares.
The allotment is scheduled to be finalized on 25 September 2024. It will go public on NSE SME, with a tentative listing date of 27 September 2024.
Beeline Capital Advisors Pvt Ltd is the book-running lead manager, while Kfin Technologies Ltd is the registrar.
SD Retail IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO Size | 64.98 |
| Offer For Sale | - |
| Fresh Issue | 64.98 |
SD Retail IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | 1,31,000 |
| Retail (Max) | 1 | 1000 | 1,31,000 |
| HNI (Min) | 2 | 2000 | 2,62,000 |
SD Retail IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| QIB | 69.84 | 9,42,000 | 6,57,91,000 | 861.86 |
| NII (HNI) | 207.62 | 7,07,000 | 14,67,90,000 | 1,922.95 |
| Retail | 65.25 | 16,49,000 | 10,75,97,000 | 1,409.52 |
| Total | 97.08 | 32,98,000 | 32,01,78,000 | 4,194.33 |
IPO Anchor Allocation
| Anchor Bid Date | 19 September, 2024 |
| Shares Offered | 1,412,000 |
| Anchor portion Size (In ₹ Cr.) | 18.50 |
| Anchor lock-in period end date for 50% shares (30 Days) | 25 October, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | 24 December, 2024 |
1. Capital expenditure for setting up new exclusive brand outlets.
2. Funding Working Capital Requirement.
3. General Corporate Purpose.
Established in May 2004, S D Retail Limited designs, manufactures, outsources, markets, and retails sleepwear. It retails the products under the brand name "SWEET DREAMS". The brand offers stylish and comfortable sleepwear for the entire family, celebrating the transition from work to home life.
SWEET DREAMS designs sleepwear for men, women, and children aged 2-16, offering a range of fits to accommodate various body types. As of February 29, 2024, the company sells its products through distributors, exclusive brand outlets (EBOs), multi-brand outlets (MBOs), and popular e-commerce platforms like Myntra, AJIO, Nykaa, Flipkart, Amazon, and its own website, serving both Indian and international markets.
Operating on an asset-light model, the company handles all aspects of sales without owning the properties where its stores are located. This model allows for scalability and efficient expansion of EBOs. As of May 31, 2024, S D Retail Limited employed 240 individuals across various departments.
Peers
Go Fashions (India) Ltd
Bella Casa Fashion & Retail Ltd
S.P. Apparels Ltd
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue | 163.28 | 135.69 | 128.74 |
| EBITDA | 13.35 | 7.61 | 13.63 |
| PAT | 7.60 | 4.30 | 10.11 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 122.26 | 88.36 | 77.60 |
| Share Capital | 1.25 | 0.63 | 0.63 |
| Total Borrowings | 43.55 | 20.51 | 18.44 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | -12.19 | 1.12 | -2.52 |
| Net Cash Generated From / (used in) investing activities | -4.79 | -1.33 | -0.88 |
| Net Cash Generated From / (used in) financing activities | 20.31 | 0.38 | 3.04 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 3.33 | 0.17 | -0.35 |
Strengths
1. SWEET DREAMS is a recognized brand in the sleepwear segment.
2. The company distributes its products through a wide range of channels, including EBOs, MBOs, and leading e-commerce platforms.
3. The company's asset-light approach allows it to scale efficiently by opening new Exclusive Brand Outlets without owning physical properties, reducing fixed costs and operational risks.
4. By catering to men, women, and children aged 2-16, S D Retail Limited taps into a broad market.
Risks
1. The retail and e-commerce market for sleepwear is highly competitive, with numerous local and international brands.
2. As the company outsources a significant portion of its manufacturing, it may face challenges related to supply chain disruptions, quality control, and increased costs from third-party vendors.
3. Heavy reliance on online platforms like Myntra and Amazon exposes the company to risks of policy changes, commission hikes, or unfavorable algorithm shifts on these platforms.
4. While the asset-light model is efficient, rapid expansion could strain resources and operational oversight, potentially impacting customer service and brand consistency.
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FAQs
S D Retail IPO opens from 20th September to 24th September 2024.
The size of the S D Retail IPO is ₹64.98 Cr.
The price of the S D Retail IPO is fixed at ₹124 to ₹131 per share.
To apply for S D Retail IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the S D Retail IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of S D Retail IPO is 1,000 shares and the investment required is ₹1,24,000.
The share allotment date of S D Retail IPO is 25th September 2024
The share allotment date of S D Retail IPO is 25th September 2024
The S D Retail IPO will be listed on 27th September 2024.
Beeline Capital Advisors Pvt Ltd is the book-running lead manager for S D Retail IPO.
S D Retail plans to utilize the raised capital from the IPO for:
1. Capital expenditure for setting up new exclusive brand outlets.
2. Funding Working Capital Requirement.
3. General Corporate Purpose.
